DexCom, Inc. reported a 15% year-over-year revenue increase for the second quarter of 2025, totaling $1.157 billion. The company's U.S. revenue also grew by 15%, while international revenue increased by 16%. GAAP operating income rose to $212.6 million, representing 18.4% of revenue, an improvement from the previous year. The company has raised its fiscal year 2025 revenue guidance to between $4.600 billion and $4.625 billion, maintaining its non-GAAP gross profit margin and operating margin targets.
In a significant leadership change, Kevin R. Sayer will retire as CEO on January 1, 2026, transitioning to Executive Chairman. Jacob S. Leach, currently President and Chief Operating Officer, will take over as CEO and join the Board of Directors. Leach has been with DexCom for 21 years, holding various roles that have prepared him for this leadership position. The Board has also expanded to ten directors effective January 1, 2026, as part of the succession plan.
linkJul 30, 2025 16:02:50
DexCom, Inc. has announced the promotion of Jake Leach to the position of president while retaining his role as chief operating officer. Leach, who has over 21 years of experience at Dexcom, has been instrumental in the development of the company's biosensing platforms since their inception. In his new role, he will also oversee corporate development and strategy in addition to his existing responsibilities in product development and executive leadership functions.
Kevin Sayer, the chairman and CEO of Dexcom, expressed confidence in Leach's leadership and the company's future. Leach emphasized the potential of Dexcom to address significant global health challenges and improve the lives of its customers and stakeholders. This leadership change may influence investor sentiment as it highlights the company's strategic direction and commitment to innovation in glucose management technology.
linkMay 13, 2025 08:31:00
Dexcom, Inc. reported financial results for the first quarter of 2025, with revenue reaching $1.036 billion, a 12% increase from the previous year. The company experienced a 15% growth in U.S. revenue and a 7% growth in international revenue. GAAP operating income was $133.7 million, reflecting a year-over-year increase, while non-GAAP operating income was slightly lower compared to the same quarter in 2024. The company also secured broader insurance coverage in the U.S. for its continuous glucose monitoring systems and received FDA clearance for its new Dexcom G7 15 Day System shortly after the quarter ended.
Additionally, Dexcom announced a $750 million share repurchase program, which is expected to provide financial flexibility. The company updated its fiscal year 2025 guidance, projecting revenue of $4.60 billion, representing a 14% growth. Non-GAAP gross profit margin is anticipated to be around 62%, reflecting some cost increases due to supply chain dynamics. As of March 31, 2025, Dexcom reported $2.70 billion in cash and marketable securities, indicating a strong liquidity position.
linkMay 01, 2025 16:03:07
DexCom, Inc. has appointed Renée Galá to its Board of Directors, effective March 6, 2025. Galá brings extensive experience in financial and operational leadership from her current role as President and COO of Jazz Pharmaceuticals, which reported over $4 billion in revenues for 2024. Her background includes overseeing global operations and strategic initiatives, which is expected to benefit Dexcom as it aims to enhance metabolic health for its users.
The press release highlights Galá's previous positions, including CFO roles at Jazz Pharmaceuticals and GRAIL, Inc., and her tenure at Theravance Biopharma. While the announcement focuses on the positive aspects of her appointment, there are no specific financial metrics or updates regarding Dexcom's current performance or challenges mentioned in the release.
linkMar 10, 2025 08:31:23
Dexcom, Inc. reported a revenue increase of 8% year-over-year, reaching $1.114 billion in the fourth quarter of 2024. The company's U.S. revenue grew by 4%, while international revenue saw a more significant increase of 17%. Additionally, Dexcom achieved a GAAP net income of $151.7 million, although this represented a decline compared to the previous year. The company also successfully launched new products and expanded its market presence, including securing reimbursement for its Dexcom ONE+ system in France and submitting its G7 product for FDA review.
On the downside, Dexcom's operating income decreased both on a GAAP and non-GAAP basis, with GAAP operating income at $188.9 million, down from $216.9 million in Q4 2023. The gross profit margin also fell, with GAAP gross profit at 58.9% of revenue compared to 63.5% in the previous year. Furthermore, net income per diluted share decreased to $0.38, down from $0.62 in Q4 2023, indicating challenges in maintaining profitability despite revenue growth.
linkFeb 13, 2025 16:03:33
DexCom, Inc. announced preliminary results for the fourth quarter of 2024, revealing total revenue of at least $1.113 billion, which is an 8% increase compared to the same quarter in 2023. The U.S. revenue is projected to be around $803 million, marking a 4% growth, while international revenue is expected to reach approximately $310 million, reflecting a 17% increase. The total preliminary revenue for fiscal 2024 is about $4.032 billion, up 11% from 2023. The company also updated its non-GAAP gross profit margin and operating margin guidance for 2024 to 62% and 19%, respectively. However, the gross margin for the fourth quarter is anticipated to be negatively affected by a non-cash charge related to inventory issues and production yield problems.
For 2025, Dexcom forecasts total revenue of $4.60 billion, indicating an expected growth of around 14% from 2024. This projection is based on anticipated increases in sensor volume and international expansion. The company estimates a non-GAAP gross profit margin of approximately 64-65% and a non-GAAP operating margin of about 21%. Despite the positive revenue outlook, the company is facing challenges related to inventory damage and production efficiency, which could impact its financial performance.
linkJan 13, 2025 07:31:58
DexCom, Inc. reported a 2% increase in revenue year-over-year, reaching $994.2 million, but faced a 2% decline in U.S. revenue while international sales grew significantly by 12%. The company's operating income also decreased, with both GAAP and non-GAAP operating margins showing declines compared to the previous year. However, the launch of new products like the Stelo biosensor and the Dexcom G7 in international markets highlights their ongoing innovation efforts. Additionally, a $750 million share repurchase program reflects confidence in their long-term strategy.
Despite some positive developments, the overall financial results indicate challenges, particularly in the U.S. market, which could impact future growth. The company is also undergoing a leadership transition, as Teri Lawver, the Chief Commercial Officer, plans to retire, with CEO Kevin Sayer stepping in temporarily. While Dexcom maintains its revenue guidance for the year, the mixed results and leadership changes may create uncertainty about its ability to sustain momentum moving forward.
linkOct 24, 2024 16:04:46
Dexcom reported a 15% revenue growth to $1.004 billion in Q2 2024, with U.S. revenue up 19%. Operating income increased, and the company launched new products while expanding market access in France. However, CEO Kevin Sayer noted that execution fell short of expectations. Dexcom updated its 2024 guidance and announced a $750 million share repurchase program, indicating confidence in future growth despite some challenges.
linkJul 25, 2024 16:05:15
Dexcom's Q1 2024 revenue increased by 24%, with significant growth in U.S. and international markets. The company achieved FDA clearance for new products and launched innovative solutions in multiple countries. Dexcom's operating income and net income also saw positive growth. The company holds a substantial cash balance for future expansion. Dexcom's fiscal year 2024 guidance indicates a positive outlook for revenue and profit margins. Overall, Dexcom's financial performance and strategic advancements in 2024 show promising results.
linkApr 25, 2024 16:05:23
Dexcom Inc. reported a 27% revenue growth in Q4 2023, reaching $1.03 billion, with significant international expansion. The company achieved a GAAP operating income of $216.9 million, up 560 basis points from Q4 2022. Dexcom made strategic advancements, including FDA submissions for new products and partnerships. The company also provided a positive outlook for fiscal year 2024, expecting revenue of $4.15 - 4.35 billion and reiterating guidance for Non-GAAP Gross Profit Margin and Non-GAAP Operating Margin.
linkFeb 08, 2024 16:03:15